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Bulgarian (SOFIX) REITS Industry Analysis

UpdatedMay 17, 2024
DataAggregated Company Financials
Companies20
  • 7D2.5%
  • 3M2.9%
  • 1Y11.8%
  • YTD-0.6%

The REITS industry is up 2.5% in the last week, with Sopharma Properties REIT up 8.6%. In the last 12 months, the industry was up 12%.

Industry Valuation and Performance

Has the Bulgarian REITS Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 17 May 2024лв856.0mлв47.0mлв49.5m17.3x17.3x18.2x
Sun, 14 Apr 2024лв832.9mлв60.3mлв47.5m17.1x17.5x13.8x
Tue, 12 Mar 2024лв810.1mлв59.5mлв47.7m18.6x17x13.6x
Thu, 08 Feb 2024лв731.8mлв57.8mлв47.2m19.4x15.5x12.7x
Sat, 06 Jan 2024лв884.9mлв68.0mлв52.3m12.6x16.9x13x
Mon, 04 Dec 2023лв864.5mлв68.9mлв49.5m12.6x17.5x12.6x
Wed, 01 Nov 2023лв872.4mлв59.4mлв47.4m14.4x18.4x14.7x
Fri, 29 Sep 2023лв910.2mлв59.4mлв48.4m15.5x18.8x15.3x
Sun, 27 Aug 2023лв924.9mлв62.3mлв52.6m15.5x17.6x14.8x
Tue, 25 Jul 2023лв896.7mлв74.0mлв54.1m19.2x16.6x12.1x
Thu, 22 Jun 2023лв904.5mлв76.1mлв54.5m18.1x16.6x11.9x
Sat, 20 May 2023лв904.6mлв74.0mлв53.4m18.7x16.9x12.2x
Mon, 17 Apr 2023лв913.2mлв75.1mлв53.5m19.5x17.1x12.2x
Wed, 15 Mar 2023лв1.3bлв109.3mлв59.3m20x22.5x12.2x
Fri, 10 Feb 2023лв1.3bлв105.2mлв59.2m20.1x22.5x12.7x
Sun, 08 Jan 2023лв1.3bлв81.6mлв34.2m23.6x38x15.9x
Tue, 06 Dec 2022лв1.3bлв79.9mлв33.0m23.6x38.6x15.9x
Thu, 03 Nov 2022лв1.2bлв116.6mлв39.9m20.6x30.1x10.3x
Sat, 01 Oct 2022лв1.2bлв115.5mлв37.7m23.5x31.8x10.4x
Mon, 29 Aug 2022лв1.2bлв115.8mлв36.6m29.6x32.8x10.4x
Wed, 27 Jul 2022лв1.2bлв121.5mлв37.3m33.8x32.4x9.9x
Fri, 24 Jun 2022лв1.2bлв121.5mлв37.3m34.8x31.9x9.8x
Sun, 22 May 2022лв1.1bлв113.9mлв29.4m35.8x38.1x9.8x
Tue, 19 Apr 2022лв1.1bлв112.9mлв30.1m34.2x38x10.1x
Thu, 17 Mar 2022лв1.2bлв136.9mлв37.0m19.7x33.1x8.9x
Sat, 12 Feb 2022лв1.2bлв130.2mлв34.1m19x35.1x9.2x
Mon, 10 Jan 2022лв1.2bлв128.0mлв35.1m24.5x33.3x9.1x
Wed, 08 Dec 2021лв1.1bлв118.0mлв39.0m18.3x28.5x9.4x
Fri, 05 Nov 2021лв1.1bлв120.0mлв40.0m24.4x27.4x9.1x
Sun, 03 Oct 2021лв1.1bлв80.2mлв32.3m24x33.2x13.4x
Tue, 31 Aug 2021лв1.0bлв92.3mлв25.8m28.9x38.9x10.9x
Wed, 07 Jul 2021лв956.0mлв92.3mлв25.8m26x37.1x10.4x
Price to Earnings Ratio

43.2x


Total Market Cap: лв948.5mTotal Earnings: лв22.0mTotal Revenue: лв65.9mTotal Market Cap vs Earnings and Revenue0%0%0%
Bulgarian REITS Industry Price to Earnings3Y Average 27.4x202220232024
Current Industry PE
  • Investors are pessimistic on the Bulgarian REITs industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 17.3x which is lower than its 3-year average PE of 27.4x.
  • The 3-year average PS ratio of 12.1x is lower than the industry's current PS ratio of 18.2x.
Past Earnings Growth
  • The earnings for companies in the REITs industry have grown 31% per year over the last three years.
  • Meanwhile revenues for these companies have declined 11% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

Which industries have driven the changes within the Bulgarian Real Estate industry?

BG Market2.05%
Real Estate0.94%
REITS2.46%
Diversified REITs2.46%
Industrial REITs0%
Office REITs0%
Residential REITs0%
Retail REITs0%
Specialized REITs0%
Hotel and Resort REITs0%
Healthcare REITs0%
Industry PE
  • Investors are most optimistic about the Specialized REITs industry, which is trading close to its 3-year average PE ratio of 22.9x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted GrowthThere is insufficient data on the sub-industries of this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
FPP Fairplay Properties REITлв0.902.3%
+лв1.6m		12.5%PB0.7x
BREF Bulgarian Real Estate Fund REITлв2.541.6%
+лв1.4m		15.5%PB0.7x
SBPF Super Borovets Property Fund REITлв3.040.7%
+лв467.6k		5.6%PB1.5x
PLG Puldin Properties Invest REITлв2.640.8%
+лв386.0k		5.6%n/a
BPF Bravo Property Fund REITлв1.110.9%
+лв367.0k		11.0%PB1x
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Latest News

SBPF

лв3.04

Super Borovets Property Fund REIT

7D

0.7%

1Y

5.6%

FPP

лв0.90

Fairplay Properties REIT

7D

2.3%

1Y

12.5%

BREF

лв2.54

Bulgarian Real Estate Fund REIT

7D

1.6%

1Y

15.5%

AKTV

лв6.45

Aktiv Properties REIT

7D

-0.8%

1Y

-5.1%

BPF

лв1.11

Bravo Property Fund REIT

7D

0.9%

1Y

11.0%